1. The following is a list of assets and claims of a garment manufacturing company at a particular point in time:
   • Short-term borrowings: €19,000
   • Property: €265,000
   • Inventories of raw materials: €18,000
   • Trade payables: €27,000
   • Plant and equipment: €123,000
   • Loan from Garment Finance Co. (long-term borrowing): €104,000
   • Inventories of finished goods: €31,000
   • Delivery vans: €56,000
   • Trade receivables: €39,500

Required:

Draw up a statement of financial position incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)